PPP Loan information for Olivet machine tool engineering co.

$174,934

Olivet machine tool engineering co. was initially approved for PPP Loan of amount $174,934, the current approved amount is $174,934. The loan was approved on 04/14/2020 by The Independent Bank reported 13 jobs and $174,934 was used to fund payroll.

Olivet machine tool engineering co. is Existing or more than 2 years old

PPP Loan Search / MI / OLIVET / Olivet machine tool engineering co.

OLIVET MACHINE TOOL ENGINEERING CO.

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

OLIVET MACHINE TOOL ENGINEERING CO.

Borrower Address

423 MAIN ST

Borrower City

OLIVET

Borrower State

MI

Borrower Zip

49076-9616

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

174934.00

Current Approval Amount

174934.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OLIVET

Project County Name

EATON

Project State

MI

Project Zip

49076-9616

CD

MI-03

Jobs Reported

13

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

174934.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

165837.75

Forgiveness Date

11/09/2020

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